Bears seize control of LSE

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LAHORE – The Lahore Stock Exchange (LSE) remained bearish on Wednesday with further improvement in the volume. The LSE 25-shares index lost 71.52 points and closed at 3,407.44 points against its opening at 3,478.96 level on Wednesday. Out of total 88 active scrips, 12 went up, 48 went down and 28 closed without any change in their opening values.
The volume of the market remained 7.2 million shares, which witnessed an increase of 0.77 million shares. Bank of Punjab was emerged as volume leader with 2.5 million shares. It added Rs 0.4 per share and closed at Rs 7.05 at the end of trading session. Silk Bank followed suit with 1.5 million shares and it lost Rs 0.07 and closed at Rs 2.26 per share.
Dawood Hercules was the major gainer and it added Rs 11.69 and closed at Rs 249.03 against its opening at Rs 237.34. Pakistan Oil Fields was the major loser and it declined Rs 6.51 and finished at Rs 290.50 against its opening at Rs 297.01.